International Expert: Gulf Navigation Crisis May Extend for a Year as Iraq Faces Challenges to Secure Financial Independence

An international energy expert downplayed reports of progress in regional negotiations, describing them as mere media claims. The expert emphasized that Tehran maintains strict conditions for reopening navigation routes, most notably the withdrawal of foreign military presence from the Arabian Gulf, recognition of Iran's role in securing navigation, and the imposition of transit fees on commercial vessels. Based on these factors, the resumption of normal navigation is unlikely in the near term, threatening a potential year-long crisis that could severely impact global oil prices and the economy. In a related context, Iraq faces strategic challenges due to international rivalry over influence in its energy sector. Experts suggest the necessity of achieving a political and economic balance by diversifying financial payment tools and markets, including the possibility of settling oil exports in alternative currencies and converting them into assets like gold to enhance the country's financial independence. 


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International Expert: Gulf Navigation Crisis May Extend for a Year as Iraq Faces Challenges to Secure Financial Independence

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08 Aug 2026
1 min read